10 May 2000
UBS to List Global Share on New York Stock Exchange
UBS announced today that its shares would begin trading on the New York Stock
Exchange (NYSE) on May 16, 2000 under the symbol UBS. UBS is the first non-U.S.
financial services group to list its Global Registered Share directly on the
NYSE. The listing will give UBS easier access to U.S. investors and provides it
with the strategic flexibility to benefit from potential expansion and
opportunities in the United States. UBS will have a global share traded in
Zurich, New York and Tokyo.
New York/Zurich/Basel, May 10, 2000 - UBS shares will begin the trading on the
New York Stock Exchange on May 16, 2000 under the symbol UBS. UBS is the first
non-U.S. financial services group to list its Global Registered Share directly
on the NYSE. 'We are delighted to be able to list in New York so soon after
announcing our intention. A globally traded share is symbolic of UBS as a global
firm,' said Marcel Ospel, Group CEO. 'Our U.S. listing will give us the
strategic flexibility to benefit from potential expansion opportunities in the
Richard A. Grasso, NYSE chairman and CEO, added: 'As a leader in global
business, it is fitting that UBS will be the first to issue global shares in
this new millennium. This move solidifies its position as an innovator dedicated
to customer commitment. We are proud and privileged to welcome UBS to the NYSE.'
The UBS global share will be traded in Zurich, New York and Tokyo. The current
American Depositary Receipt (ADR) program will be terminated, and 10 ADRs will
be exchanged for one registered share.
According to the tradition of the NYSE, Marcel Ospel will ring the opening bell
on May 16, 2000.